1. Business
  2. Economics
  3. determine whether each of the following statements is true or...

Question: determine whether each of the following statements is true or...

Question details

Determine whether each of the following statements is TRUE or FALSE and write a short explanation for your answer

  1. It is a good practice to have loss leaders at the very front of the store so that more customers can see them quickly and get attracted to them.
  2. One of the objectives of a promotion strategy is to impede the success of new market entrants in gaining a significant market share.
  3. One advantage of intensive distribution is that the firm does not need to spend resources on establishing a sophisticated distribution channel.
  4. Stock-out-cost refers to the cost incurred when a marketer has more inventory in stock than they can carry.
  5. The cost of switching to different brands is one of the reasons driving consumer loyalty towards a specific product.
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